today it has reached an agreement with its bank co-agents to seek the
consent of its bank lenders to modify the structure of its credit
agreement in order to facilitate the company's long-range
refinancing plans.

Kroger said it was requesting two major changes in its current debt structure:
-- An extension of the credit agreement for an additional 24
months, from the current ending date of January 1996, to
January 1998;
-- The authorization of a new, uncommitted borrowing facility that
could be used for a portion of the anticipated refinancing of
Kroger's subordinated debt in 1993 and 1994.
Kroger reached the agreement outlining the proposed changes with the three co-agent banks for the credit agreement, Citibank, N.A.; Chemical Bank; and the First National Bank of Chicago. The co-agents have established Dec. 6, 1991, as the deadline for approval of the changes by the other lending banks which are part of Kroger's credit agreement.
-0- 11/22/91
/CONTACT: Paul Bernish (media), 513-762-1304; or Pam Taylor (investor), 513-762-4969; both of The Kroger Company/
(KR) CO: The Kroger Company ST: Ohio IN: REA SU:

KK -- CL009 -- 6421 11/22/91 13:34 EST

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